Dong Nai Province Seeking Appropriate Approaches

 

Within the implementation of solution to the economic depression and sosial welfare assurance, series of action plans of the province’s functional sectors have recently carried out to support enterprises on seeking market and recovering production. Many sectors and profession have been facilitated to take part in domestic and international trade fairs, in which the Vietnam – Japan Economic Forum (held on March 2009, the International Wooden Products Fair held in Guang Zhou – China on March 2009, the National Hardware Show 2009 in the United States are typical examples providing enterprises in Dong Nai with many chances to diffusing their products. In the latest, in a meeting held in the middle of April 2009, the business community of Malaysia and Vietnam set up cooperation in term of trade and investment. Tin Nghia Corporation, the Donafood, Nhat Nam JSC and Long Chau JSC signed a MOU for contracting some imported products such as some kind of production materials. Additionally, in the industrial key product development programme, 17 enterprises asked for capital support with the total budget of nearly VND3 billion; 5 enterprises registered for infrastructure investment support in industrial complexes in Tan Phu, Dinh Quan, Xuan Loc, Cam My and Thong Nhat and 8 projects registered for loans for environment work investment...   

  According to Le Van Danh – Director of Dong Nai’s Department of Industry and Trade, pet food has recently become one of stable production industries. Despite bad impact posed by the economic crisis and exchanges fluctuation as well as a lot of epidemics regularly infecting the cattle, five enterprises have maintained high growth such as Proconco, Cargill, Thanh Binh, Minh Quan and Asia Nutrition Company. They are now approaching the “demand stimulus” package of the Government on 4 percent support in interest rate to continue their production investment. For example, A Chau invests in building a new factory capitalised at US$3 million; Cargill invests in a fish mash factory in Dong Thap; Minh Quan invests in a popcorn drying factory; Proconco invests VND200 billion in building warehouses, improving machines to raise its Productivity. Danh said the pet food processing industry has considered the risks caused by the economic depression as opportunities because once their products satisfy the demand, they will get big success as cent per cent of their market is the domestic market.

 Danh added that in the time to come, obstacles in policies, capital, market and information should be removed by the State so that enterprises can be proactive in effectively producing and seeking for markets. IN which, focus should be given to trade promotion to pave all the way for enterprises in seeking and expanding their market. The province’s authority shall cooperate with oversea trade counselor and the Department of Trade Promotion under the Ministry of Industry and Trade to hold regular exchanges between foreign partners and Dong Nai’s enterprises to find an appropriate direction. Besides, Dong Nai shall, through conferences and distribution system in big supermarket like BigC, Co-op mart, Metro, Vinatex and wholesale markets in Hochiminh city, introduce the province’s industrial products; recover traditional handicraft industries approved by the Provincial People’s Committee such as brocading in Tan Phu district, iron casting in Vinh Cuu district, bamboo in Dinh Quan district and handicraft wooden products in Trang Bom district, etc...